-Refer to Figure 7-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labour while the price of capital remains unchanged?
A) the movement from AF to BD
B) the movement from AF to CE
C) the movement from BF to BD
D) the movement from BF to CE

Question

-Refer to Figure 7-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labour while the price of capital remains unchanged?
A) the movement from AF to BD 
B) the movement from AF to CE 
C) the movement from BF to BD 
D) the movement from BF to CE

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 7-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labour while the price of capital remains unchanged?
A) the movement from AF to BD 
B) the movement from AF to CE 
C) the movement from BF to BD 
D) the movement from BF to CE